After drifting 4.2 percent, Japanese palladium bar dropped, making it the biggest mover on the weekly Global Precious Metals MMI® this week. The price of US palladium bar fell 4.0 percent after rising 1.4 percent the week before. The week finished with no movement for Chinese palladium bar.
Closing out the third week of declining prices, the price of Japanese platinum bar dropped by 2.9 percent. The price of US platinum bar finished the week down 2.0 percent. The price of Chinese platinum bar did not change since the previous week.
The price of Japanese gold bullion fell 2.6 percent over the past week. This was the third week in a row of declining prices. Following a 0.8 percent increase in the week prior, the price of US gold bullion fell 1.9 percent last week. The price of Indian gold bullion fell 1.4 percent after rising 2.4 percent the week before. Chinese gold bullion traded sideways last week.
Following a 1.2 percent increase in the week prior, the price of Indian silver fell 1.5 percent last week. For the third week in a row, the price of Japanese silver dropped, falling 1.3 percent. After a 0.2 percent decline, US silver closed out the week. Chinese silver remained unchanged for the week.
The Global Precious Metals MMI® collects and weights 14 global precious metal price points to provide a unique view into precious metal price trends. For more information on the Global Precious Metals MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.